Subject: File No. S7-24-15
From: Tim Hogan

February 20, 2020

A restriction on the ability to purchase leveraged or inverse funds would be not only a significant hinderance to potential account performance, but also yet another hit to freedom of choice in our country. It is our right and our choice what investment vehicles to use for our accounts, whether regular or retirement. If I make the wrong choice and lose money, it is also my responsibility (and right). It should not be up to the government to tell me what investments I can or cannot invest in - unless we are emulating communism.